1) what is formal and informal sector credit ?
2) how much percentage of rural credit fulfill from formal sector ?
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1) what is formal and informal sector credit ?
2) how much percentage of rural credit fulfill from formal sector ?
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1.The credit activities of the formal sector are supervised by the Reserve Bank of India. The RBI gives credit to all at low interest rates. In the informal sector there is no supervisory body. ... A high rate of interest means that a borrower spends more money to repay the loan and is left with less money for himself.
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